CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0109%/8h= +11.9% APRnext payment +$1.09 per $10,000 · paid last 24h −0.016%

Price spread now: Bitget against OKX+0.011%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 7 days+0.006%+$1 · spread now +0.011%, 7d avg +0.017%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRCL-USDT-SWAP	94.750	0.0206	pay 0.0206% / 8h	41m 29s	$22.9M	$60.7M	50x
Short	Bitget CRCLUSDT	94.760	0.0315	get 0.0315% / 8h	41m 29s	$16.9M	$35.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BitgetbpOrdersPrice spread, now +0.011%Rate

Funding earned: $22.85
Price spread: +0.011% → +0.017%: −$0.69
Slippage, 4 orders: −$13.15
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$13
Costs to cover: 0.352%
Break-even: 11.0 days

Slippage from OKX: live order book, 2 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 2 min ago	0.53 bp	6.9 bp −$7	14.3 bp −$143	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.58 bp	9.3 bp −$9	15.2 bp −$152	59.1 bp −$5,915	doesn't fit

CRCL on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CRCL_USDT	0.0000%	8h	94.780	+0.032%	$7.2M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.770	+0.021%	$1.0M	$51K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.730	−0.021%	$1.4M	$2.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.630	−0.127%	$941K	$724K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.740	−0.011%	—	$45K	25x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.694	−0.059%	$48K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.720	−0.032%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0052%	1h	94.731	−0.020%	$2K	$21K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0059%	1h	94.703	−0.050%	$367K	$1.1M	10x	as long as short
Lighter RH CRCL	+0.0080%	1h	94.756	+0.006%	$894K	$2.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRCL	+0.0100%	1h	94.700	−0.053%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.720	−0.032%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.720	−0.032%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.750	0.000%	$945	$3K	10x	as long as short
Bybit CRCLUSDT	+0.0104%	8h	94.730	−0.021%	$15.6M	$25.9M	50x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.773	+0.025%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0122%	8h	94.663	−0.092%	$2.5M	$3.1M	—	as long as short
Paradex CRCL-USD-PERP	+0.0134%	8h	94.724	−0.028%	$777	$740	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0177%	8h	94.871	+0.127%	$61K	$1.1M	10x	as long as short
Extended CRCL_24_5-USD	+0.0192%	1h	94.716	−0.035%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0193%	8h	94.752	+0.002%	$109.6M	$390.0M	50x	as long as short
Aster CRCLUSDT	+0.0205%	8h	94.774	+0.025%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAPlong	+0.0206%	8h	94.750	long leg	$22.9M	$60.7M	50x
edgeX CRCLUSDC	+0.0223%	4h	94.814	+0.068%	$24K	$269K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0264%	1h	94.709	−0.043%	$71.1M	$42.9M	10x	as long as short
Phoenix CRCL	+0.0288%	1h	94.749	−0.001%	$28K	$92K	10x	as long as short
BloFin CRCL-USDT	+0.0306%	8h	94.830	+0.084%	$1.1M	$595K	20x	as long as short
Nado CRCL-PERP	+0.0306%	1h	94.657	−0.098%	$127K	$73K	3x	as long as short
Bitget CRCLUSDTshort	+0.0315%	8h	94.760	+0.011%	$16.9M	$35.4M	25x
Lighter CRCL	+0.0440%	1h	94.773	+0.024%	$3.1M	$2.2M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.560	+0.855%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.710	−0.042%	$97K	$275K	10x	as long as short
RISEx CRCL/USDC	+0.0534%	1h	94.728	−0.023%	$432K	$312K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0701%	1h	94.740	−0.011%	$4K	$772K	10x	as long as short